SocraticGadfly: What Josh Marshall is missing on Obama’s missing oil windfall taxes

December 04, 2008

What Josh Marshall is missing on Obama’s missing oil windfall taxes

The Talking Points Memo host says he doesn’t get the progressive brouhaha over Obama’s reneging on implementing a windfall profits tax on Big Oil. (This is even as ExxonMobil’s Rex Tillerson does got “it” — namely, a 10 percent pay raise and new bonuses.

So, I e-mailed Josh to help him out.

Oil prices WILL go back up. Nobody argues that.

So, what's wrong with having a windfall profits tax ALREADY IN PLACE in advance of that?

Nothing, and plenty right with it.

You think B.O. is going to institute one 18 months from now, Josh? I got some palm-lined property on Chicago's Loop to sell you.

In other words, this was Just.Another.Promise. from Just.Another.Politician™ .

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